Home › News Updates › MnM Listed as a Key Source in their Article on Transformer Oil Market published by Interactive Investor
Interactive Investor published an article on the global transformer oil market, highlighting the ongoing and future market scenario studied by MarketsandMarkets.
The global transformer oil market has been exhibiting steady growth over the past few years, owing to the rising need for power across the globe and increasing applications in small transformers, large transformers, and utilities, especially in emerging economies such as China and India. Moreover, the excellent insulating properties of transformer oil and ability to withstand high temperatures have also boosted the demand among various industries. The worldwide market for transformer oil is projected to grow at a CAGR of 7.1% between 2015 and 2020, reaching a value of USD 2.79 Billion by 2020.
For More Details:
Report mentioned in the above news is,
Transformer Oil Market by Type (Mineral- Naphthenic and Paraffinic), by Application (Small transformers, Large Transformers, Utility & Others), & Region (Asia-Pacific, North America, Europe, ROW) - Global Trends & Forecasts to 2020
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